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NEWS ABOUT: economic stimulus package

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Stimulus Bill Shines on National Zoo

Despite ban, bailout will fortify homes for animals in DC

(Newser) - Luke the Lion is expecting home renovations while animals around the country are stuck with what they've got, Pro Publica reports. Luke's trick: living in the National Zoo in Washington, DC. The economic stimulus law forbids local and state outlays to zoos, but neglected to mention the National Zoo,... More »

US Benefits From China Stimulus

Construction in China boosts US business, from steel to fried chicken

(Newser) - While Americans await the fruits of their $787 billion bailout, China is moving ahead with public-works projects at a staggering pace, pumping up its own economy as well as America’s, the Wall Street Journal reports. US industrial-equipment makers, struggling with effectively zero domestic growth, are back near record levels... More »

100 Days: Biggest Promises Kept, Broken

The economy has changed the stakes since the campaign began

(Newser) - One way to judge President Obama's first 100 days in office is to look at his rhetoric on the campaign trail. Taking into account the fallout from the economic crisis, PolitFact came up with the most crucial promises Obama has kept and broken. His vow to beef up alternative-energy investment... More »

Sanford Still Fights Stimulus Plan, Tears in His Eyes

SC Guv sticks to his guns over rejecting stimulus money

(Newser) - Angry state legislators and picketing teachers still haven't swayed Mark Sanford. The conservative governor of South Carolina is ignoring opponents and his dipping approval rating, now at 40%, because he's wary of federal stimulus dollars. But when a lone security guard gives his support, Sanford's strained emotions begin to show.... More »

Obama Could Try Some of His Vaunted Fiscal Responsibility

Administration involved in major economic gambles

(Newser) - In a recent speech at Georgetown, President Obama outlined his plans for the economy. The funny thing is, David Brooks writes in the New York Times, "he sounded like a cultural conservative." The president talked about the good old days and vowed to end fiscal irresponsibility. In short,... More »

Anti-New Deal Book Is GOP's New Bible

Republicans flock to The Forgotten Man in fight over stimulus

(Newser) - For the Republican Party, looking for any kind of traction for its opposition to President Obama’s stimulus spending, anti-New Deal book The Forgotten Man is a godsend, Politico reports. Author Amity Shlaes suggests, in what some call revisionist history, that FDR’s plan, pushed by government bureaucrats on a... More »

Calif. Gets $4B as Feds Turn on Stimulus Tap

(AP) - Education Secretary Arne Duncan today released nearly $4 billion to California, the first state to benefit from a special fund for states that was created by the economic stimulus law. The fund will replenish state budgets that have been cut or threatened because of the recession. Most of the money... More »

China's GDP Crawls, But Worst May Be Over

Growth sinks below 'danger line' but experts believe rebound is coming

(Newser) - China's GDP growth fell to its lowest level last quarter since Beijing started keeping records in 1992, the Wall Street Journal reports. The 6.1% growth, however, is in line with forecasts and actually seen as decent news by many economists. Data on loans and industrial growth suggest that the... More »

'Glimmers' of Economic Hope, But Work's Not Done: Obama

(Newser) - After a meeting today with the administration's top economic officials, President Obama said he’s starting to see “glimmers of hope,” Bloomberg reports. The president noted that government loans to small business are up but cautioned, “We’ve still got a lot of work to do.”... More »

GOP Govs Back Down, Request Stimulus Funds

Ambitious conservatives cave on most federal aid dollars

(Newser) - Tough talk about rejecting stimulus funds earned some GOP governors—and presidential hopefuls—plenty of headlines, but reality has set in, Politico reports. Under fire from their legislatures, Bobby Jindal, Mark Sanford, and Sarah Palin have all requested funds in the past week. “At this point it looks like... More »

Economy's 'Free-Fall' Nearly Over: Summers

(Newser) - Top Obama economic adviser Lawrence Summers said today that measures to stabilize the economy will have a discernible effect in the next few months, the Hill reports. Loosening credit and an increased flow of inventory from manufacturers means the sense of “free-fall” will dissipate, though jobless numbers will continue... More »

Cash Flows to Add Broadband, But Feds Don't Have Plan

FCC has until Feb.; ISPs get stimulus now

(Newser) - The Federal Communications Commission is beginning to draw up a plan to deliver broadband internet to every home in the US, the Washington Post reports. But as the FCC accepts public comment and reviews policy in the year it has to draft the plan, broadband providers will be using stimulus... More »

Contractors Bid Hot and Heavy for 'Shovel-Ready' Jobs

States saving big time in fight for contracts

(Newser) - Contractors are scrambling to get in line for stimulus-funded "shovel-ready" jobs, reports the Washington Post, and states are finding their stimulus dollars are going a lot further than expected as a result. Companies that were building subdivisions not so long ago are now competing for government jobs and going... More »

Venture Capitalists Start to Regain Their Nerve

Confidence gradually rebounding with stimulus plan

(Newser) - Venture capitalists are starting to get their confidence back after an exceptionally timid year, the New York Times reports. A key index shows the administration's efforts to stabilize the economy have given investors glimmers of hope. "There is some degree of stability in the financial markets and that allows... More »

Obama Fakes Center, Goes Liberal

(Newser) - If President Obama were a quarterback, he’d be a master of the fake, Fred Barnes writes in the Weekly Standard. Using “misdirection,” he markets “his product—the liberal agenda, plus a few add-ons—in a manner that disguises what he's really up to.” While trumpeting... More »

Sanford's Pass on Stimulus Irks S. Carolina

Gov. raises profile but angers home state by rejecting part of money

(Newser) - Mark Sanford’s opposition to the stimulus and his rejection of $700 million in funds have vaulted him onto the national stage. But they’re not playing so well in the state he’s actually running, the New York Times reports. The most conservative papers in the state have taken... More »

SC Gov Will Take Some, Not All, Stimulus Funds

(Newser) - South Carolina Gov. Mark Sanford is officially accepting federal stimulus funds, beating tonight’s deadline, the Washington Post reports. The state is expected to receive around $8 billion, though Sanford has continued to reject $700 million earmarked for law enforcement and education. Sanford had wanted to use that money to... More »

Record 32.2M Get Food Stamps

(Newser) - More than 32 million people in the US are now receiving food stamps—a full tenth of the population, Reuters reports. The record enrollment in January marks the third time in 5 months the total has increased. Numbers rose in all but four states. Recipients got an average of $112.... More »

Stimulus Deadline Looms for Skeptical SC Gov. Sanford

As fiscal situation worsens, SC governor's stimulus refusal draws ire

(Newser) - South Carolina Gov. Mark Sanford has until Friday to choose between the philosophical and the fiscal as the deadline to accept $700 million in federal stimulus money approaches, the Wall Street Journal reports. Sanford wants authority over the funds, earmarked for education and public safety, and has pledged to refuse... More »

NY Election Seen as Early Referendum

Vote to fill Gillibrand's seat as much over stimulus, bonuses

(Newser) - Today’s special congressional election in upstate New York is seen as a key early test of President Obama’s agenda, reports CQ Politics. The race, a tight one between Republican Jim Tedisco and Democrat Scott Murphy, has become a battle over Obama’s stimulus bill, bonuses for AIG, and... More »

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